Over the past few years, the Narendra Modi led government has been actively liberalizing foreign direct investment routes, with the intention of further easing the foreign direct investment regime in India ...

As the Modi Government prepares to present its last complete budget before the 2019 general elections, we reflect on the current fiscal year and evaluate the key target areas for the financial and tax reform proposals of ‘Budget 2018'.

The most significant aspect of the SOP is that it envisages a time frame of 8 – 10 weeks (depending on requirement of security clearance from the Ministry of Home Affairs (MHA)) for approving FDI proposals.

The Finance Bill, 2017 (Bill) proposes to reduce the corporate tax rate from 30% to 25% for small and medium-sized enterprises having a turnover of up to INR 500 million in financial year, i.e. from 1 April to 31 March (FY) 2015-16.